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Good day forex traders and readers.
In the previous AUD/USD forecast we noted on the receding risk aversion as the Syrian crisis stabilized. Risk appetite was increasing and gold was getting sold in favor of riskier assets.
Looking at the AUD/USD daily chart above we note that the currency pair was bearish for the week and it basically led us back to the levels at the start of the week beyond! There seems to be an uncovered forex gap and I wonder if the bears are trying to get this done.
The AUD/USD is slipping back to a zone of support and resistance. Close monitoring of this region is highly recommended.
continue on to TheGeekKnows.com for the fundamental analysis of the AUD/USD Forecast Weekly Review to understand more about the underlying market sentiments.
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